Page 83 - Winning The Credit Game Bundle (CK Patrick)
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CHAPTER 11
INTRODUCTION TO
BUSINESS CREDIT
YOU NOW KNOW the most fundamental principles of personal credit.
This powerful knowledge will help you to build generational wealth
and avoid the traps of permanent debt and poverty that too many
people fall into. There is still more to learn—now that you know how
powerful these principles are, you may desire to study some of the
complex topics mentioned here and become a credit educator or finan-
cial professional yourself someday.
But believe it or not, we’ve barely scratched the surface of how
credit determines who becomes wealthy and who stays poor.
I mentioned that credit can be used to obtain business loans a few
times throughout this book. Business loans and business credit cards
carry several wealth-building advantages over personal loans and
personal credit cards. This is because business loans and business
credit are the real heavy lifters in our economy.
For those who know how, tens or hundreds of thousands of dollars
in capital to start a business or invest in real estate can be acquired
with no money out-of-pocket and little risk to one’s personal and
family finances. If you also acquire the business know how to multiply
that money—something that is totally achievable without going to
